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Market update
Santa Monica Monthly – March 2026
REGINA VANNICOLA
310.625.2061
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Mortgage Rates Hold Near 6%, Improving Affordability
Borrowing costs have been easing, and buyers are beginning to take notice. After a brief uptick earlier this week driven by geopolitical tensions and rising oil prices, the 30-year fixed-rate mortgage remains near 6% after dipping to 5.98% last week, according to Freddie Mac.
With rates close to their lowest levels in about three and a half years, affordability is improving and consumer sentiment is shifting. A recent HomeServe survey of roughly 1,000 U.S. adults found that 59% feel more optimistic about the housing market following last week’s rate drop, including 25% who feel “much more optimistic.”
Nadia Evangelou of the National Association of REALTORS® has called rates falling below 6% a key psychological and financial milestone. On a $400,000 home, current rates translate to an estimated $1,910 monthly payment, putting roughly $2,000 back in a buyer’s pocket annually compared with a year ago.
Source: nar.realtor

Food Obsession of the Month

Cookie Dough Cheesecake Bars
Cheesecake bars take indulgence to the next level. Perfectly portioned and endlessly versatile, they let you enjoy rich, creamy cheesecake without committing to a full slice. These cookie dough cheesecake bars are especially irresistible, featuring a chocolate chip cookie base and topping, a smooth cheesecake filling, and a simple chocolate drizzle for an extra touch of decadence. Easy to make and sure to please any crowd, they’re a dessert that delivers on flavor and presentation.
Source: Delish
Local Happenings

SANTA MONICA OPEN MIC NIGHT
MARCH 24, 2026 | 7:00 PM - 9:00 PM | WEARY LIVERS, 2819 PICO BLVD, SANTA MONICA, CA 90405
Enjoy a free open mic night for local talent, featuring singing, comedy, poetry, and acoustic performances. Sign up upon arrival and enjoy craft cocktails, mocktails, and draft beer in a lively, welcoming atmosphere

JAZZ NIGHT AT SHORESIDE RESTAURANT
MARCH 26, 2026 | 6:00 PM - 9:00 PM | SHORESIDE® RESTAURANT & BAR, 1515 OCEAN AVE, SANTA MONICA, CA 90401
Relax with live jazz from local artists, from vocalists to four-piece bands, paired with seasonal cocktails and shareable bites in a chic poolside and lobby setting.

regina Vannicola
REALTOR®
310.625.2061
REGINA@REGINAVANNICOLA.COM
DRE 01389034
COMPASS · DRE 01991628
1333 Montana Avenue
Santa Monica, CA 90403
